Reporting: Page 5


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    Shareholders rejecting both ESG and anti-ESG proposals

    Only three of almost 1,000 proposals were supported by shareholders so far in the 2024 proxy season.

    By Robert Freedman • July 2, 2024
  • Aerial view of solar array farm in a Chilean desert.
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    John Moore via Getty Images
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    IFRS partners with World Bank member to improve emerging market disclosures

    The foundation behind the International Sustainability Standards Board signed a memorandum of understanding with the International Finance Corporation Thursday.

    By June 28, 2024
  • Visual displaying components of ESG. Explore the Trendline
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    TarikVision via Getty Images
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    Trendline

    Top 5 stories from ESG Dive

    This year has shaped up to be a formative one for ESG, both on the regulatory and financial front, with the SEC’s climate disclosure rule and the battle over shareholder rights and proposal approvals.

    By ESG Dive staff
  • Solar panels are laid out on the roof of a factory.
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    Creative via Getty Images
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    ISSB aims to further streamline climate disclosures

    “During the next two years, the ISSB will deliver further harmonization and consolidation of the disclosure landscape in response to market demand,” the sustainability reporting organization said.

    By June 26, 2024
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    Carl Court via Getty Images
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    Bloomberg launches CSRD data tool as reporting deadlines begin to loom

    “Better data drives better investment decisions,” Bloomberg’s global head of sustainable finance solutions said in a release.

    By June 24, 2024
  • Plastic Pepsi soda bottles encased in paper packaging
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    Courtesy of PepsiCo
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    PepsiCo anticipates missing certain 2025 packaging sustainability goals

    The same day the company released its ESG report acknowledging it’s unlikely to hit a 2025 packaging circular design target, the city of Baltimore sued PepsiCo and others for their “significant roles in creating a plastic pollution crisis.”

    By Katie Pyzyk • June 24, 2024
  • People walk up from the plaza at the Citigroup Center November 17, 2008 in New York City. Citigroup
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    Citi calls carbon emissions report from environmental group ‘misleading’

    Stand.earth reported earlier this week that the bank is a leading financier of the maritime liquefied natural gas industry, but the bank takes issue with the methodology used.

    By June 20, 2024
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    Lukas Schulze via Getty Images
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    Workiva launches sustainable solutions platform, acquires carbon accounting firm

    The ESG reporting software firm said its new platform will let companies “prepare and file audit-ready financial and non-financial reports” amid growing disclosure requirements.

    By June 20, 2024
  • A container ship sits docked at the Port of Oakland on June 07, 2023.
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    Justin Sullivan via Getty Images
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    Q&A

    How Supplier.io’s collaboration with CDP boosts supply chain transparency

    Supplier.io CEO Aylin Basom said clients were asking the supply chain diversity and ESG data company for additional insights, which led the company to pursue the partnership.

    By June 17, 2024
  • ExxonMobil CEO Darren Woods speaks at a podium
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    Justin Sullivan via Getty Images
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    Vanguard says ExxonMobil made a ‘compelling case’ for its shareholder lawsuit

    The nation’s second-largest asset manager supported Exxon CEO Darren Woods and its board of directors at the energy giant’s May 29 board meeting after concluding it displayed appropriate oversight.

    By June 11, 2024
  • Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting.
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    Anna Moneymaker via Getty Images
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    Congressional Dems urge SEC to stay committed to climate disclosure rule

    A group of 38 lawmakers asked the agency to “vigorously defend” its now-stayed final rule in court and enforce previous climate-related guidance in the interim.

    By June 10, 2024
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images
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    SEC asks organizations to complete diversity self-assessment

    The agency said it will use the voluntary disclosures from its regulated firms to identify any trends and progress on diversity-related activities.

    By June 10, 2024
  • SEC no-action requests on 2024 shareholder proxy vote proposals
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    Chip Somodevilla via Getty Images
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    SEC views more shareholder proposals as micromanagement efforts

    After a 2021 change in no-action reviews caused a backlash among institutional investors, Securities and Exchange Commission staff appear to side more with companies against activist shareholders. 

    By Robert Freedman • June 10, 2024
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    David McNew via Getty Images
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    Scope 3 reporting is increasing, but cultural gaps undermine companies’ confidence in results

    Internal considerations, including ROI and buy-in from CFOs and others, may hinder investments in reporting tools, a Reuters survey found.

    By Suman Bhattacharyya • June 7, 2024
  • CFOs should focus on these key changes to quickly adapt and meet new sustainability and ESG-related regulations this year.
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    Getty Images via Getty Images
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    IFRS, GRI seek full interoperability as global jurisdictions align with ISSB

    The organization behind the International Sustainability Standards Board also said jurisdictions accounting for 55% of global GDP are aligning with its frameworks.

    By June 3, 2024
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    lucky-photographer via Getty Images
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    SBTi tightens target-setting guidelines for financial institutions

    This is the first time public banks and asset managers have been looped into SBTi’s framework, which also includes fossil fuel financing target guidelines for the first time.

    By May 31, 2024
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    Sakorn Sukkasemsakorn via Getty Images
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    White House looks to bolster carbon market credibility

    The Biden administration released new principles for responsibly participating in voluntary carbon markets in what was called a “pragmatic step” by the CEO of carbon data platform Sylvera.

    By May 30, 2024
  • ExxonMobil CEO Darren Woods sits with hands folded
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    Apu Gomes via Getty Images
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    ExxonMobil CEO, board slate approved despite public opposition

    Darren Woods and the oil major’s board of directors were re-elected at Wednesday’s annual board meeting, despite several shareholders protesting Exxon’s suit against its investors.

    By May 29, 2024
  • The logo of German pharmaceuticals and chemicals giant Bayer stands over Bayer corporate offices on September 14, 2016 in Berlin, Germany.
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    Sean Gallup via Getty Images
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    Scope 3 emissions reporting is a ‘when,’ not an ‘if’ for companies: Bayer, Zycus execs

    ESG experts from the pharmaceutical company and procurement software provider made the case for reporting on scope 3 emissions early during a panel discussion.

    By Suman Bhattacharyya • May 28, 2024
  • A conference participant walks past a spinning representation of Planet Earth during the UNFCCC COP27.
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    Sean Gallup via Getty Images
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    Opinion

    3 ESG lessons CFOs can learn from SOX compliance

    ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.

    By Alessio Lolli • May 28, 2024
  • Delta Air Lines passenger jet in mid flight.
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    Permission granted by Kyndryl
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    Delta’s 2023 emissions exceeded pre-pandemic levels as air travel bounced back: report

    While the airline’s overall emissions topped its 2019 baseline, its scope 1 and 2 emissions remain below pre-pandemic levels.

    By May 22, 2024
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    Courtesy of BCG
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    Q&A

    How companies should approach compliance under multiple climate reporting regulations: BCG

    Companies may need to reorganize as climate disclosure mandates take shape, says Tim Mohin, a partner and director at Boston Consulting Group.

    By Suman Bhattacharyya • May 20, 2024
  • Bales of clothing and textiles are pictured in a store house.
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    Stock via Getty Images
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    Q&A

    Regulations could improve ESG in fashion, but Worldly exec says it’s not enough

    James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.

    By Laurel Deppen • May 16, 2024
  • Rep. Sean Casten (D-IL) speaks during a news conference
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    Congressional Democrats urge SEC to finalize ‘critical’ ESG greenwashing rule

    The lawmakers said the rule will address misleading information about sustainable funds “and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers.”

    By May 15, 2024
  • A truck passes by the BP refinery
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    Scott Olson via Getty Images
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    Global banks have spent $6.9 trillion on fossil fuels since 2016: report

    U.S. banks accounted for 30% of the $705 billion private global banks spent on fossil fuel financing in 2023, per the Banking on Climate Chaos report.

    By May 14, 2024
  • California Gov. Gavin Newsom talks during a news conference in October 2022.
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    Justin Sullivan/Getty via Getty Images
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    California Gov. Newsom says climate bills are ‘funded’ in his revised state budget

    The governor’s original budget proposal for 2024-2025 left out funding needed to implement climate disclosure bills SB 253 and SB 261 — an omission met with much criticism.

    By May 14, 2024